- CORPORATE
PROFILE - INVESTOR
RELATIONS - RETAIL
BRANDS - FINANCIAL
SERVICES - CORPORATE
GOVERNANCE - SUSTAINABILITY
- MEDIA
RCS Group
The RCS Group is an operationally independent consumer finance business that provides a broad range of financial services under its own brand and in association with a number of retail entities in South Africa, Namibia and Botswana. The RCS Group is majority owned by The Foschini Group (TFG) (55%), with Standard Bank holding the balance of the shares (45%).
It is structured into two operating business units named Transactional Finance and Fixed Term Finance. These operating units are supported by a number of shared services. In addition, the RCS Group has an investment interest (60%) in an independent data management company named Effective Intelligence.
The RCS Group is functionally separate from the TFG Financial Services division and it has its own governance structure, field of operation, management team, budgets and profit models.
The Transactional Finance business unit is focused on facilitating credit sales for retailers at point of sale. Retail credit sales are supported in one of two ways:
- through an own-branded general-purpose private label card known as the RCS Card that is accepted at 14 000 retail outlets countrywide; and
- by managing private label retail credit programmes for retailers under their own brands on an outsourced basis.
The private label portfolio consists of the Queenspark Card, the Game Card, the Don Wired Card and The Builders Card.
The Fixed Term Finance business unit provides personal loans, home loans and insurance products under the RCS brand to existing RCS Group, TFG and external customers through direct marketing methods.